SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Gurugram

Gurugram: Over 100 Illegal structures demolished in Behrampur

PNT Reporter

19 Dec 2024

The GMDA's DTP (Enforcement) team, led by RS Batth, conducted a large-scale demolition operation in Behrampur, Gurugram, targeting illegal constructions across 70 acres. With 50 police personnel and three earthmovers, the team demolished around 100 structures, including 25 boundary walls, 10 under-construction buildings, a 1.5 km road, and illegal borewells-all built without legal approvals. Investigations revealed property dealers, mainly from Maruti Kunj and Delhi, sold plots at INR 15,000-25,000 per square yard through general power of attorney agreements, bypassing legal clearances.Read more

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Haryana: Gurugram issues INR 36.7 lakh in fines for pollution violations under GRAP

PNT Reporter

17 Dec 2024

The Municipal Corporation of Gurugram (MCG) has issued 879 fines totaling INR 36.7 lakh under the Graded Response Action Plan (GRAP) to curb pollution. Violations include 566 fines for dust control failures at small construction sites and INR 6 lakh for illegal construction waste dumping. Additionally, 331 fines for solid waste dumping (INR 5.4 lakh), 259 for single-use plastic (INR 2.18 lakh), and 21 for waste burning (INR 1.05 lakh) were imposed. MCG Commissioner Ashok Kumar Garg urged community involvement, while measures like anti-smog guns and mechanical road sweeping aim to improve air quality. Sustainable practices and resident participation are essential for lasting environmental change.Read more

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Gurugram civic body uncovers six illegal colonies on 700 acres of disputed land in Behrampur

PNT Reporter

16 Dec 2024

The Gurugram civic body has uncovered six illegal colonies on 700 acres of disputed panchayat land in Behrampur during a surprise inspection. Plots in these colonies, sold for INR 50,000 to INR 80,000 per square-yard, were found to have ongoing construction and road networks. The nodal officer stated that signboards will mark the sites as illegal, and constructions will be demolished. The land ownership is under legal dispute, complicating matters further. A crackdown on illegal activities will follow, including filing complaints against property dealers involved in unauthorized sales, urging buyers to verify legal clearances before purchasing real estate.Read more

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Gurugram: Info-x Software acquires luxury penthouse in The Camellias for INR 190 crore

PNT Reporter

11 Dec 2024

Info-x Software Technology Pvt Ltd, led by its director Rishi Parti, has acquired a 16,000 sq ft penthouse in The Camellias, an ultra-luxury residential project in Gurugram. The deal, valued at INR 190 crore, was registered on December 2, with the company paying INR 13 crore in stamp duty. This transaction is among the priciest apartment deals in India, reflecting the growing demand for luxury real estate. The Camellias has seen a surge in high-profile buyers, including business leaders and entrepreneurs. Property values in areas like Gurugram and Delhi's Lutyens Zone are now on par with Mumbai's elite neighbourhoods.Read more

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Gurugram: Revamp of key road connecting IFFCO Chowk to Dwarka Expressway faces delay

PNT Reporter

10 Dec 2024

GMDA's plan to revamp the 11-km stretch connecting IFFCO Chowk to Dwarka Expressway remains stalled, despite its approval in October 2022, due to land encroachments and limited availability. Narrowed sections, particularly in Basai, and illegal property extensions have hampered progress. The project aims to ease traffic in old Gurgaon with features like a grade separator, improved footpaths, on-street parking, and a utility duct. However, demolition resistance and land shortages for a parallel rail overbridge have caused delays. Without a clear timeline, residents face ongoing congestion and rising project costs, underscoring the need for swift resolution.Read more

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Gurugram Metro Expansion: Systra India to finalize route with 27 stations between Millenium City Centre and Cyber City

PNT Reporter

04 Dec 2024

Gurugram's public transport is set for a major boost with a 28.8 km metro line connecting Millennium City Centre to Cyber City. The INR 5,452 crore project, approved in June 2023, includes 27 stations and aims to ease traffic congestion while promoting eco-friendly commutes. Systra India, the design consultant, is finalising route alignment and station details, with surveys integrating GPS technology and a 500-metre buffer zone. The metro expansion marks the first in seven years and aligns with Gurugram's growing urban demands. Expected to improve mobility, reduce pollution, and support economic growth, the project underscores a shift toward sustainable urban infrastructure.Read more

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DTCP invites public feedback on proposal to narrow roads in Gurgaon's key sectors

PNT Reporter

03 Dec 2024

The Department of Town and Country Planning (DTCP) has proposed reducing road widths in Gurugram's sectors 34, 35, 71, 72, 72A, 73, and 74, deviating from the 75-metre standard set by the 2012 Gurugram-Manesar Development Plan. The move follows a request from Maharaja Appliances Ltd, whose land in Sector 34 overlaps the planned road alignment. Proposed changes include reducing road widths to 60 metres between Sectors 73 and 74A and to 18 metres between other sectors. While DTCP has invited public feedback until December 20, residents worry the narrower roads will worsen traffic woes. Critics argue that public infrastructure should not be compromised for private interests.Read more

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Gurugram: MCG empowers zonal officers for faster property tax dispute resolution

PNT Reporter

03 Dec 2024

The Municipal Corporation of Gurugram has empowered zonal taxation officers to resolve property tax discrepancies up to INR 1 lakh, speeding up corrections. Joint commissioners will now handle discrepancies between INR 1 lakh and INR 10 lakh, while additional commissioners oversee issues between INR 10 lakh and INR 20 lakh. The commissioner addresses larger discrepancies. A 2022 survey by a private agency uncovered database errors, including inaccuracies in names, addresses, and property sizes. Property tax rates vary based on plot size, ranging from INR 1 to INR 10 per square yard and apartment carpet area, starting at 50 paise per square foot.Read more

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DIOR launches its first boutique in Delhi-NCR at Ambience Mall, Gurugram

PNT Reporter

29 Nov 2024

Ambience Mall Gurugram has proudly unveiled DIOR's first boutique in Delhi-NCR, marking a new era of luxury retail in the region. The store showcases DIOR's exclusive private collections alongside its iconic beauty, skincare, and fragrance ranges. Designed with signature elegance, the boutique offers an immersive experience for fashion enthusiasts. Arjun Gehlot, Director of Ambience Group, highlighted that DIOR's presence reinforces the mall's status as the premier luxury destination in NCR. This milestone strengthens Ambience Mall's position as a hub for high-end retail, drawing a discerning clientele from across the region.Read more

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Raheja Developers appeals against insolvency ruling amidst delivery defaults in Gurugram project

28 Nov 2024

Raheja Developers has appealed to the National Company Law Appellate Tribunal (NCLAT) to contest insolvency proceedings initiated by the NCLT over alleged non-delivery of units in its Shilas project in Gurugram. The NCLT's decision followed a petition from over 40 flat allottees, citing defaults totaling INR 112.90 crore. The NCLT has appointed an Interim Resolution Professional (IRP), suspended the company's board, and initiated a Corporate Insolvency Resolution Process (CIRP). Raheja's defense lawyers cited force majeure for delays, but the NCLT has rejected this claim, emphasizing the company's obligations.Read more

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Gurugram Municipal Corporation issues INR 3.4 lakh in fines for grapping violations

26 Nov 2024

Gurugram's Municipal Corporation (MCG) has intensified enforcement of the Graded Response Action Plan (GRAP) to address deteriorating air quality. Within 24 hours, 54 fines totaling INR 3.4 lakh were issued, including INR 1.4 lakh for prohibited construction activities under GRAP-4. Joint Commissioner Pradeep Kumar led inspections, prioritising measures like anti-smog guns and road water spraying to combat dust pollution. However, residents in areas like New Palam Vihar expressed concerns over ongoing violations, urging stricter penalties. MCG is also engaging environmental groups and launching awareness campaigns to promote community participation in pollution reduction, aiming for long-term air quality improvements.Read more

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Gurugram: MCG targets high-value property tax defaulters owing INR 288 crore

26 Nov 2024

The municipal corporation is owed INR 1,881 crore in property tax, with 15% of this owed by 100 major defaulters, who collectively owe INR 288.4 crore. The corporation plans to target these defaulters to boost revenue, with actions such as sealing properties, disconnecting water supply, and auctioning properties if dues remain unpaid. While the MCG has projected INR 300 crore in property tax earnings for the current fiscal year, it fell short of its INR 500 crore target last year. Residents' welfare associations have pointed out that data errors in property IDs, including incorrect contact details and property sizes, have contributed to payment delays.Read more

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Gurugram: District Registrar enforces audit return deadlines for societies and RWAs

20 Nov 2024

The district registrar had instructed registered societies and RWAs in the city to submit their audit returns on time, warning that failure to do so could result in deactivation or cancellation of registration. This was in response to widespread non-compliance with the HRRS Act, 2012, which mandates financial statements, audit reports, and AGM minutes be submitted within six months after the financial year's end. Many societies had failed to meet these requirements, causing internal disputes. The move was welcomed by RWAs, who saw it as a step toward eliminating defunct societies and promoting transparency in governance.Read more

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DTP demolishes illegal structures across unauthorised colonies in Gurugram

19 Nov 2024

Earlier this month, the Department of Town and Country Planning (DTP) conducted a two-day demolition drive across unauthorised colonies in Gurugram, removing illegal structures spanning 30 acres. The operation focused on Gwal Pahari, Bhondsi, and Alipur villages. Key actions included the demolition of colonies, under-construction buildings, boundary walls, and road networks. DTP Enforcement head Manish Yadav emphasised the importance of verifying property legality before making investments, highlighting the drive's role in sending a strong message to those involved in illegal construction.Read more

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Gurugram: DTCP resumes issuing occupation certificates for stilt-plus-four buildings

18 Nov 2024

The Department of Town and Country Planning (DTCP) has begun issuing occupation certificates (OCs) for stilt plus four floor buildings constructed without approved plans after a year and a half delay. A government order in February 2023 had restricted four-storey buildings without proper permissions, leaving over 100 structures incomplete. In response, the Haryana government introduced a regularization policy in July, allowing buildings to secure OCs with an additional fee. Processing faced delays due to a High Court stay, which was lifted last month, allowing DTCP to resume on a priority basis. This progress has brought relief to property owners awaiting compliance and recognition for their investments.Read more

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Municipal Corporation of Gurugram seals unauthorised floor in Gurugram's Sector 52

11 Nov 2024

The Municipal Corporation of Gurugram (MCG) recently sealed an unauthorised fourth floor in Sector 52, following a complaint from a resident who reported the illegal construction. This action underscores MCG's commitment to upholding building regulations, as only three floors were originally sanctioned. Commissioner Narhari Singh Banger directed enforcement action, including penalties for unauthorised debris dumping nearby. MCG has ramped up efforts to tackle construction violations, waste management, and sewer issues, offering swift complaint resolutions through citywide camps and an online portal. This proactive approach highlights MCG's dedication to safe urban development and encourages community engagement in municipal governance.Read more

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Gurugram: Godrej Properties secures s 7.5-acre plot on Golf Course Road

04 Nov 2024

Godrej Properties Ltd (GPL) has secured the rights to develop a 7.5-acre group housing plot on Golf Course Road in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot has a development potential of over 1.7 million square feet, comprising luxury residential apartments with an estimated revenue potential of over INR 5,500 crore. This acquisition is the 11th new project GPL has secured in the current financial year, taking the booking value added through new projects to INR 22,950 crore, surpassing the company's full-year business development guidance. Godrej Properties has also acquired two other prime parcels in the Golf Course Road micro-market, with an estimated revenue potential of over USD 1.5 billion.Read more

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Gurugram: Signature Global awards INR 1203 crore contract to Capacit'e for Titanium SPR

04 Nov 2024

Signature Global, a prominent real estate developer in India, has entrusted Capacit'e Infraprojects Ltd with a INR 1203 crore construction contract for its prestigious residential project, Titanium SPR, located in Gurugram's Sector 71. The development, covering 14.382 acres and consisting of 608 luxury units, will be executed in two phases, with the first launched in June 2024, achieving a notable pre-sale of over INR 2700 crore. Strategically positioned near Southern Peripheral Road, Titanium SPR promises a unique blend of luxury, with over 55 exclusive amenities and design inspirations drawn from Singaporean architecture.Read more

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ED seizes assets worth INR 56.86 crore in Gurugram real estate fraud case

31 Oct 2024

The Directorate of Enforcement (ED) has provisionally attached properties worth INR 56.86 crore in Gurugram, targeting M/s Krrish Realtech Pvt. Ltd. and its associates, including Amit and Rajesh Katyal, under the Prevention of Money Laundering Act (PMLA) of 2002. This action follows allegations of financial misconduct, with the company accused of collecting funds from potential property buyers without proper licenses from the Department of Town and Country Planning (DTCP). The ED also arrested Rajesh Katyal, alleging he laundered over INR 200 crore. The case underscores concerns around regulatory compliance and investor protection in India's real estate sector.Read more

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Gurugram: DTPE cracks down on illegal constructions, seals seven homes in DLF-1

28 Oct 2024

A DTPE team, led by Manish Yadav, sealed seven houses in DLF-1 due to illegal constructions, including unauthorized modifications despite occupancy certificates. The action followed multiple complaints from residents regarding aesthetic and safety concerns. Prior show-cause notices had been issued, but property owners failed to comply, prompting enforcement on October 21. The operation was supervised by duty magistrate ATP Anish Grover and other officials, focusing on ensuring adherence to town planning guidelines and enhancing the neighbourhood's safety and aesthetics.Read more

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